Resin Capsule Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Market Size (2025) | USD 1.34 Billion |
| Market Size (2030) | USD 1.69 Billion |
| Growth Rate (2025 - 2030) | 4.71% CAGR |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Resin Capsule Market Analysis by Mordor Intelligence
The Resin Capsule Market size is estimated at USD 1.34 billion in 2025, and is expected to reach USD 1.69 billion by 2030, at a CAGR of 4.71% during the forecast period (2025-2030). Rising mechanized underground mining, rapid metro-rail tunnel construction, and stricter anchorage standards in high-rise retrofits continue to fuel adoption of resin-anchored rock bolts and post-installed rebar. Automated drilling platforms that impose heavier dynamic loads than manual operations, expanding metro networks in Asia and Europe, and tighter seismic design codes together reinforce demand for chemical anchoring solutions that distribute stress more evenly than expansion fasteners. Environmental policy is an additional growth lever, accelerating the shift from high-VOC styrene capsules toward water-based or bio-based systems. Competitive rivalry is intensifying as leading multinationals consolidate regional players to broaden product portfolios and geographic reach.
Key Report Takeaways
- By catalyst type, organic peroxide systems retained 47.18% share in 2024, whereas water-based catalysts are growing at 4.95% CAGR.
- By resin type, polyester held 40.44% revenue in 2024, while bio-based and other alternatives are forecast to rise at 4.99% CAGR.
- By end-user industry, mining accounted for 50.29% of resin capsule market share in 2024, while tunnelling and metro rail is projected to expand at 5.19% CAGR through 2030.
- By geography, Asia-Pacific commanded 45.61% revenue share in 2024; the same region is advancing at the fastest 5.06% CAGR to 2030.
Global Resin Capsule Market Trends and Insights
Driver Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Surge in mechanised underground mining | +1.2% | Global, with concentration in APAC and North America | Medium term (2-4 years) |
| Tighter anchorage standards in high-rise and bridge retrofits | +0.8% | North America & EU, expanding to APAC urban centers | Long term (≥ 4 years) |
| Rapid metro rail tunnel construction in Asia and Europe | +0.9% | APAC core, spill-over to MEA and South America | Short term (≤ 2 years) |
| Digital mine planning enabling thinner pillar designs | +0.6% | Global, early adoption in developed mining regions | Medium term (2-4 years) |
| Shift to low-exotherm bio-based catalysts reducing downtime | +0.4% | EU and North America leading, gradual APAC adoption | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Surge in Mechanized Underground Mining
Automated coal, copper, and hard-rock operations increasingly rely on resin-anchored bolts that withstand higher cyclical loads than mechanical alternatives. Sandvik’s intelligent long-hole rigs integrate real-time torque monitoring, optimizing bolt placement and capsule usage[1]“Sandvik Drills Reach New Depths,” Mining Weekly, miningweekly.com . Battery-electric loaders further tighten excavation cycles, raising instantaneous roof stress that chemical anchors accommodate through homogeneous bond lines. As capital-intensive mines target deeper seams, end-users prioritize fast-curing resins that minimize development downtime.
Tighter Anchorage Standards in High-Rise and Bridge Retrofits
Post-installed rebar design guides now specify adhesive connections for seismic and wind-load resistance, citing 120-year service-life certifications for many epoxy systems. Updated bridge codes emphasize load distribution over larger concrete volumes, favoring chemical anchors that mitigate progressive pull-out failures. Regulatory authorities in the United States and European Union publish acceptance criteria that limit expansion fasteners for high-consequence retrofit work, translating directly into higher resin capsule demand.
Rapid Metro Rail Tunnel Construction in Asia and Europe
Chengdu’s Metro Line 6 pipe-jacking under existing shield tunnels illustrates the complex loading environments that push project specifiers toward resin capsules capable of curing in water-filled holes. GIS-aided alignment planning enables precise anchor layout, maximizing segment stability with fewer bolts. European city tunnels increasingly mandate styrene-free capsules to protect confined-space workers, accelerating the uptake of water-based catalyst systems.
Digital Mine Planning Enabling Thinner Pillar Designs
Modern CAD-GIS suites model rock deformation with high fidelity, allowing engineers to shrink pillar width while preserving safety through denser resin-anchored support grids. Closer bolt spacing increases capsule consumption per meter of advance, converting design sophistication into material demand. Temporary robotic support systems coordinate with digital plans, placing bolts rapidly in pre-programmed patterns that favor capsule consistency.
Restraint Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Volatility in epoxy and polyester feedstock prices | -0.7% | Global, with acute impact in import-dependent regions | Short term (≤ 2 years) |
| Strict VOC limits on styrene-based capsules | -0.5% | EU and North America, expanding to APAC | Medium term (2-4 years) |
| Skilled-installer shortage driving anchor failures | -0.3% | Global, particularly acute in developed markets | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Volatility in Epoxy and Polyester Feedstock Prices
Antidumping duties on Asian epoxy resin imports into the United States amplify price swings and extend lead times for capsule producers[2]“Epoxy Resin From Korea, Taiwan and Thailand,” U.S. International Trade Commission, usitc.gov. Disruptions at upstream petrochemical plants ripple through polyester supply, prompting contractors to hedge inventory or negotiate escalation clauses. Small and mid-size applicators face liquidity strain when input costs spike without immediate pass-through.
Strict VOC Limits on Styrene-Based Capsules
Regional air-quality rules cap construction chemical emissions at progressively lower thresholds, effectively phasing out high-styrene formulations in many states and EU nations. Compliance requires reformulation toward epoxy-acrylate or pure epoxy chemistries, raising R&D expenses. Installers must adopt new handling protocols, adding indirect costs that temper near-term uptake.
Segment Analysis
By Catalyst Type: Water-Based Systems Gain Environmental Edge
Organic peroxide products kept 47.18% revenue in 2024 on legacy adoption within hard-rock and infrastructure applications. Water-based catalysts, however, are rising at 4.95% CAGR, propelled by REACH compliance and confined-space safety mandates. Silver- and bismuth-activated blends shorten cure cycles at lower exotherm, supporting higher advance rates in tunneling operations. Oil-based variants continue serving general construction but show minimal share shift.
Innovation across all families aims to widen temperature windows and extend shelf life. Suppliers are integrating QR-code traceability that links capsule production data to installation logs, aligning with digital quality-assurance workflows.
Note: Segment shares of all individual segments available upon report purchase
By Resin Type: Bio-Based Alternatives Challenge Polyester Dominance
Polyester maintained 40.44% revenue in 2024 owing to cost advantages across standard applications. Yet bio-based epoxy and acrylic systems are growing 4.99% CAGR as asset owners apply embodied-carbon reporting to procurement. Commercial launches such as Henkel LOCTITE HB S ECO cut CO₂ emissions by 60% while retaining structural integrity. Cardanol-derived vitrimers add self-healing benefits and recyclability, aligning with circular-economy targets.
Epoxy remains indispensable for extended-service anchors in marine and seismic zones, though supply volatility encourages dual-sourcing with vinyl ester or acrylics. Resin formulators are experimenting with flame-retardant bio-fillers to broaden tunnel applications subject to stringent fire codes.
By End-User Industry: Tunnelling Segment Accelerates Past Mining
Mining dominated 50.29% revenue in 2024 as deep coal and metal operations require dense resin-anchored support. The tunnelling and metro-rail niche, however, is climbing 5.19% CAGR on record project backlogs in Asia and Europe. Complex shield excavations under urban utilities demand capsules that cure in water and accommodate cyclic train vibrations.
Industrial construction and oil-and-gas remain steady consumers, prioritizing corrosion-resistant formulations for chemical plants and offshore jackets. Infrastructure-heavy economies directing stimulus toward subways and bridges will continue to tip demand toward tunnelling anchors through 2030.
Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
Asia-Pacific’s 45.61% command in 2024 reflects heavy infrastructure pipelines and rapid mechanization across Chinese and Indian underground mines. Adoption of 3D geological mapping allows precision anchor layouts that optimize resin usage. Japan’s stringent quality codes spur higher-value epoxy capsule demand, whereas ASEAN nations represent volume growth through metro rail and hydropower tunneling.
North America is a mature resin capsule market driven by bridge rehabilitation and high-rise seismic upgrades, both of which value long-life epoxy systems certified for 120 years. The antidumping verdict on Asian epoxy imports has tightened domestic supply, raising prices but accelerating R&D into alternative resin chemistries.
Europe balances retrofit demand with green-chemistry adoption. REACH restrictions push contractors toward water-based catalysts, stimulating supplier innovation. The region’s high share of mechanized tunneling under historic city centers further elevates capsule volumes.
South America and Middle East & Africa show uneven spending cycles yet present upside where large mining or mega-project activity coincides with international financing tied to performance-based anchor specifications. Building local installer competence remains a prerequisite for sustained demand.
Competitive Landscape
The resin capsule market is moderately concentrated. Sika’s USD 5.5 billion acquisition of MBCC Group broadened its product family into specialty underground resins and expanded presence in North America and Asia.
Hilti pushes adoption of its SafeSet system, integrating volume calculators and smart dispensers that reduce installation variability. Sandvik embeds anchor-validation sensors into drilling cycles, bundling consumables with equipment to lock in recurring revenue. Regional manufacturers differentiate through custom curing windows and lower price points, particularly in India and China.
Technology partnerships emerge around bio-based feedstocks and low-exotherm catalysts, with universities and start-ups supplying novel polymers. Intellectual-property barriers remain moderate, prompting frequent licensing and joint-development agreements.
Resin Capsule Industry Leaders
-
Hilti
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Koelner Rawlplug IP
-
Minova
-
Sandvik AB
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Sika AG
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- September 2024: Sandvik introduced new ground support solutions for underground mining, including a styrene-free resin capsule and the updated ARI (Automatic Resin Injection) system for automated resin capsule installation. The Fasloc SF Styrene-Free resin capsules enhance safety by eliminating styrene, improve performance, and simplify installation, boosting productivity.
- May 2023: Hilti launched the Kwik-X Dual Action Anchor, combining KH-EZ screw anchors and KHC resin adhesive capsules. This hybrid solution enables installation up to four times faster than injectable mortars, addressing efficiency needs in high-volume construction projects.
Global Resin Capsule Market Report Scope
The resin capsule market report includes:
| Organic Peroxide |
| Oil-based |
| Water-based |
| Polyester |
| Epoxy |
| Acrylic |
| Other Resin Types (Vinyl Ester, Bio-based, etc.) |
| Mining |
| Industrial Manufacturing |
| Construction |
| Oil and Gas |
| Other End-user Industries (Tunnelling and Metro Rail, etc.) |
| Asia-Pacific | China |
| Japan | |
| India | |
| South Korea | |
| ASEAN Countries | |
| Rest of Asia-Pacific | |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Russia | |
| NORDIC Countries | |
| Rest of Europe | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| Middle East and Africa | Saudi Arabia |
| South Africa | |
| Rest of Middle East and Africa |
| By Catalyst Type | Organic Peroxide | |
| Oil-based | ||
| Water-based | ||
| By Resin Type | Polyester | |
| Epoxy | ||
| Acrylic | ||
| Other Resin Types (Vinyl Ester, Bio-based, etc.) | ||
| By End-User Industry | Mining | |
| Industrial Manufacturing | ||
| Construction | ||
| Oil and Gas | ||
| Other End-user Industries (Tunnelling and Metro Rail, etc.) | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| South Korea | ||
| ASEAN Countries | ||
| Rest of Asia-Pacific | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| NORDIC Countries | ||
| Rest of Europe | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| Middle East and Africa | Saudi Arabia | |
| South Africa | ||
| Rest of Middle East and Africa | ||
Key Questions Answered in the Report
What is the projected size of the resin capsule market by 2030?
The resin capsule market size is expected to reach USD 1.69 billion by 2030.
Which region leads the resin capsule market in both share and growth?
Asia-Pacific leads with 45.61% revenue in 2024 and posts the fastest 5.06% CAGR through 2030.
Why are water-based catalyst systems gaining popularity in resin capsules?
Environmental regulations that cap VOC emissions and safety requirements in confined spaces drive adoption of water-based catalysts growing at 4.95% CAGR.
Which end-user segment is expanding the fastest?
Tunnelling and metro rail applications show the highest 5.19% CAGR due to urban subway expansions.
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